Ridgeline Wealth LLC Invests $608,000 in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Ridgeline Wealth LLC bought a new stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,953 shares of the exchange traded fund’s stock, valued at approximately $608,000. iShares Expanded Tech Sector ETF makes up 0.5% of Ridgeline Wealth LLC’s investment portfolio, making the stock its 29th largest holding.

Other hedge funds have also bought and sold shares of the company. Financial Gravity Asset Management Inc. lifted its holdings in iShares Expanded Tech Sector ETF by 252.5% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 282 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 202 shares in the last quarter. Assetmark Inc. bought a new position in shares of iShares Expanded Tech Sector ETF during the third quarter worth $63,000. Creative Financial Designs Inc. ADV grew its stake in iShares Expanded Tech Sector ETF by 89.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,240 shares of the exchange traded fund’s stock valued at $119,000 after acquiring an additional 585 shares in the last quarter. Centaurus Financial Inc. bought a new stake in iShares Expanded Tech Sector ETF in the 3rd quarter valued at $145,000. Finally, Middleton & Co. Inc. MA purchased a new stake in iShares Expanded Tech Sector ETF in the 3rd quarter worth $201,000.

iShares Expanded Tech Sector ETF Price Performance

Shares of IGM stock traded up $1.72 during trading hours on Monday, hitting $105.61. The stock had a trading volume of 228,086 shares, compared to its average volume of 218,729. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53. iShares Expanded Tech Sector ETF has a one year low of $72.01 and a one year high of $107.19. The stock’s 50-day moving average price is $102.04 and its two-hundred day moving average price is $96.55.

About iShares Expanded Tech Sector ETF

iShares North American Tech ETF, formerly iShares S&P North American Technology Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, of the United States-traded technology companies, as represented by the S&P North American Technology Sector Index (the Index).